Ethereum surpassed expectations by beating its recent ATH and that in itself turned out to be the catalyst for an interesting alt season. Many have analyzed that Ether will do better than its previous highest high of about $2,130 and talks about a flippening are in quiet corridors.
Besides all the predictions, Ethereum Network offers a variety of tools and smart contracts that draws hundreds of projects to it every month.
Without a doubt, Ethereum is the king of alts, but recent developments have further strengthened its place close to the pinnacle of the crypto ranking.
The interest in NFTs has also stoked the flames of flippening in recent Many public figures that includes Snoop Dogg, Paris Hilton with tens of millions of followers between them have joined in the tokenised lifestyle extravaganza.
The advent of smart contracts also gave us DeFi and that's something that won't be going away anytime soon. Many venture capitalists have expressed their interest in DeFi.
Institutions appear to be flooding into the DeFI market and that's testament to the immense growth that Ethereum has experienced since its inception.
After Tesla purchased $1.5 billion worth of Bitcoin a lot of companies started looking into owning crypto and diversifying to own Ethereum. Many speculators think that Ethereum has the potential to be as valuable as Bitcoin.
Eth 2.0 is being rolled out in a slow burner approach and those changes, particularly the inclusion of sharding and switch to PoS are geared towards fixing the scalability problems of the network.
EIP-1559 has a fee and burn mechanism that is projected to make ether scarcer, therefore, more valuable. Miners are also going to receive less for their transactions.
New proposals aim to control the high price transaction fee. This is also another very likely reason for the price of ether going up and with all these developments and more potentially rolling in, could a flippening be on the cards?
Please check out my Freelance gigs:
- I write insightful blog posts about, Finance, Fintech, blockchain and cryptocurrency at an affordable rate on Fiverr
- I write insightful football articles at an affordable rate on Fiverr
- I write insightful blog posts about, Finance, Fintech, blockchain and cryptocurrency at an affordable rate on AnyTask
Signup for Oropcket with my referral link
Signup for Presearch: A search engine that pays you
Contact me
- Discord: belemo#9593
- Twitter: https://twitter.com/belemo__
- Telegram: uncleskipper
- Email: belemok@yahoo.com
